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Current Attempt in Progress A flood damaged a building and its contents. The receipts from insurance companies totaled $ 6 1 0 0 0 0

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A flood damaged a building and its contents. The receipts from insurance companies totaled $610000, which was $188000 less than
the book value of the assets. The tax rate is 20%. On the statement of cash flows (indirect method), the receipts from insurance
companies should
be reported as an addition to net income of $422000.
not be reported.
be reported as an inflow from investing activities of $610000.
be reported as an inflow from investing activities of $422000.
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